JK Lakshmi posts a profitable quarter in Oct-Dec 2014

NEW DELHI - March 17, 2015 - PRLog -- The company’s sales at Rs. 617.9 crore in October-December 2014 quarter reflects a growth of 10% over Rs. 560 crore in October-December 2013. Company’s operating profit in the same period rose to Rs.82.1 crore viz. 15% higher than the Rs 71.6 crore in the corresponding quarter of the previous year. The Company could achieve this through volume growth of 6% in its production and sales. After providing for interest and depreciation, the company’s PBT before exceptional item was higher at Rs 32.1 crore in Oct-Dec 2014 as against Rs. 17.7 crore in Oct-Dec 2013. The Company as a matter of abundant caution provided Rs. 10 crores as an exceptional item towards the demand notice of sales tax department. The Company believes it has strong case and matter would be decided in its favour. After accounting for exceptional item and tax, the Company’s profit increased by 31% to Rs 18.48 crores in Oct-Dec 2014 from Rs 14.09 crores in Oct-Dec 2013.

During the Oct-Dec 2014 quarter, cost was impacted due to increase in Royalty of Limestone & coal prices. The company continued to improve its fuel efficiency and it was brought down further to 701 K.cal/Kg of Clinker during the quarter frm 724 K.Cal/kg in Clinker in the corresponding quarter Oct-Dec 2013. The company also managed to have better control over its logistic cost which was reduced by about 1.5%.

During nine months Apr-Dec 2014, the company recorded a double digit growth of 10% and 12% in its production and sales respectively over corresponding nine months Apr-Dec 2013. Higher volume and better realisation pushed Company’s turnover to Rs.1952.20 up by 22% from Rs.1572.04 crore. Operating profit moved up to Rs.288.42 crore from Rs.209.68 crore while the Company’s PAT jumped by 123% to Rs.89.55 crore from Rs.40.09 crore.

Company has informed that Trial Runs of 1^st Phase of its 2.7 Million Tonnes Greenfield Cement Plant in India (http://www.jklakshmi.com/) at Durg in Chhattisgarhhas commenced. The 1^st Phase of the Project envisaging a cement industry in india (http://www.jklakshmi.com/) of 1.7 Million Tonnes is expected to be commissioned next month.

About JK Lakshmi Cement

JK Lakshmi Cement is one of the largest cement manufacturers in India and has been the strength behind various projects such as the Indira Gandhi Nahar Pariyojna, the Sardar Sarovar Project, the Golden Quadrilateral, the Mundra and the Kandla Port stands to name a few. It partners with India’s leading corporations such as L&T, Reliance, NTPC and Essar to create the new India’s success story.

About the Author

Mr. Rajan Verma has been a long standing member of the JK Lakshmi team and brings a lot to the table in terms experience in the Cement industry.

Name    : Rajan Verma
Address : Nehru House, 4, Bahadur Shah Zafar Marg, New Delhi
Phone   : 011-33001142-12
E-mail   : jklc.customercare@jkmail.com

For more information, please visit: http://www.jklakshmi.com